Cheetah Net Supply Chain Service (NASDAQ:CTNT) Posts Quarterly Earnings Results

Cheetah Net Supply Chain Service (NASDAQ:CTNT) posted its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, FiscalAI reports. The firm had revenue of $0.87 million for the quarter. Cheetah Net Supply Chain Service had a negative net margin of 389.47% and a negative return on equity of 17.62%.

Cheetah Net Supply Chain Service Stock Performance

Shares of NASDAQ CTNT opened at $1.64 on Friday. The stock has a fifty day moving average price of $1.72 and a two-hundred day moving average price of $115.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 43.19 and a current ratio of 43.19. The firm has a market cap of $4.85 million, a P/E ratio of -0.01 and a beta of -0.98. Cheetah Net Supply Chain Service has a 1 year low of $1.43 and a 1 year high of $424.00.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CTNT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Thursday, June 18th. Wall Street Zen upgraded shares of Cheetah Net Supply Chain Service to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Insider Activity at Cheetah Net Supply Chain Service

In other news, insider Huan Liu acquired 200,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $2.00 per share, for a total transaction of $400,000.00. Following the completion of the acquisition, the insider directly owned 200,877 shares in the company, valued at $401,754. This represents a 22,805.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.47% of the company’s stock.

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP acquired a new position in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned about 0.65% of Cheetah Net Supply Chain Service at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Group, Inc, through its subsidiaries, operates as an integrated supply chain service provider primarily focused on meeting the needs of cross-border e-commerce and consumer goods companies. The company delivers end-to-end supply chain solutions, leveraging an internet-driven platform to enhance transparency, efficiency and cost control across clients’ procurement and logistics operations.

Key offerings include supply chain design and consulting, global procurement and sourcing support, quality control and inspection, as well as bonded and non-bonded warehousing services.